Multi Time Frame MACD Bars indicator for MetaTrader 4/5 📥Download - Free-TradingFinder

The video presents the Multi Time Frame MACD Bars indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website. This indicator is an enhanced and detailed version of the classic MACD, displayed as a histogram at the bottom of the chart. It provides traders with multi-time frame MACD information, allowing them to analyze different time frames simultaneously.

Key Features and Functionality:

• Installation & Activation: The indicator file is loaded via the Navigator section in MetaTrader. Users must activate the "Allow DLL imports" option in the settings before applying it to the chart.
• Histogram Color Coding:
  • Light green bars: MACD above its signal line.
  • Dark green bars: MACD above zero line.
  • Orange bars: MACD below zero line.
  • Red bars: MACD below its signal line.
• Multi-Time Frame Analysis: By default, the histogram shows the MACD for the current chart’s time frame, but users can select any other time frame (e.g., 15-minute) from the input settings to view MACD data from that timeframe on any chart.
• Customizable Settings: Users can adjust:
  • Time frame for MACD calculation.
  • Fast moving average period.
  • Slow moving average period.
  • Signal line period.
  • Number of candles to display in the histogram (default 500).
• Practical Use: The video demonstrates how the indicator confirms bullish and bearish trends based on MACD crossing signal lines and zero levels, aiding traders in making informed decisions.

Additional Information:

• The tutorial encourages users to share comments and suggestions.
• The video includes a comparison with the classic MACD to help viewers understand the enhanced indicator’s advantages.

Main Speaker/Source:

• The tutorial is presented by the team or representative from Free-TradingFinder, the website hosting the indicator.